Beaumont Financial Advisors LLC Decreases Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Beaumont Financial Advisors LLC trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190 shares of the company’s stock after selling 10 shares during the period. Beaumont Financial Advisors LLC’s holdings in Coca-Cola Consolidated were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in Coca-Cola Consolidated by 12.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 518 shares of the company’s stock valued at $653,000 after purchasing an additional 58 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Coca-Cola Consolidated in the 4th quarter valued at about $303,000. Arkadios Wealth Advisors purchased a new position in Coca-Cola Consolidated in the 4th quarter valued at about $466,000. Signal Advisors Wealth LLC lifted its holdings in Coca-Cola Consolidated by 27.9% in the 4th quarter. Signal Advisors Wealth LLC now owns 220 shares of the company’s stock valued at $277,000 after purchasing an additional 48 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Coca-Cola Consolidated during the 4th quarter valued at about $126,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 1.2 %

NASDAQ COKE opened at $1,317.77 on Friday. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,438.50. The company has a 50-day moving average of $1,274.27 and a 200-day moving average of $1,251.52. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The company has a market cap of $11.54 billion, a P/E ratio of 22.93 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.